The April WASDE dropped Thursday, April 9th, representing the third big update from USDA in two weeks following the Prospective Planting and U.S. Grain Stocks reports.

Though expectations from analysts were relatively low, wider uncertainty in the markets related to the ongoing US-Iran conflict and the blockage of the Strait of Hormuz have left farmers hungry for any clarity on what might be in store for markets in the coming months.

To help us dig into all three of these reports, we’re joined today by DTN Lead Analyst Rhett Montgomery. He’ll offer insight on the latest news, and then take us beat-by-beat through USDA updates to the balance sheets for the major grains, highlighting the biggest changes along the way.

Then, we’ll hear updates on the Latin American crop, the current corn trade picture, and hear Rhett’s thoughts on the world wheat market and what that might mean for U.S. growers as 2026 continues.

Finally, we’ll talk about the Prospective Planting report, understanding how last year’s crop is influencing this year’s acres, and thinking about how planting plans might still adjust as concerns about war-disrupted fertilizer continue to crystallize. 

Plus, we’ll hear what Rhett will be watching most closely in the common weeks, from Trump’s trip to Beijing to energy markets.